Quick snippets from my morning read on Thursday, 04th February 2021
Today’s morning read is a twitter thread on Why VC investors pass on startups. This article written by Bobby Voicu is a compilation of the thread.
Alternative title: don’t take it personally.
You’re solving a problem that doesn’t exist.
The problem exists, BUT not for the audience you’re targeting.
The problem exists, you’ve got the right audience, BUT it’s not as painful to them as you think it is.
The problem exists, you’ve got the right audience, they feel a lot of pain, BUT your solution doesn’t really fix that particular problem all that well.
The problem exists, you’ve got the right audience, they feel a lot of pain, your solution is the right one, BUT it’s not a big enough market.
The problem exists, you’ve got the right audience, they feel a lot of pain, your solution is the right one, it’s a huge market, BUT it’s super saturated.
The problem exists, you’ve got the right audience, they feel a lot of pain, your solution is the right one, it’s a huge market, there’s room for new players, BUT your business model won’t scale.
The problem exists, you’ve got the right audience, they feel a lot of pain, your solution is the right one, it’s a huge market, there’s room for new players, your business model scales, BUT you can’t defend against competitors.
The problem exists, you’ve got the right audience, they feel a lot of pain, your solution is the right one, it’s a huge market, there’s room for new players, your business model scales, it’s totally defensible, BUT you’re not pitching it well.
The problem exists, you’ve got the right audience, they feel a lot of pain, your solution is the right one, it’s a huge market, there’s room for new players, your business model scales, it’s totally defensible, you’re acing the pitch, and they still said no. NOW WHAT?
You can read the full thread here.
And as always, if you enjoyed this, check out the rest of our daily snippets, curated daily, right here on The Red Notebook.
